Commodity Trade Mantra

Posts Tagged ‘Banks’

Meet The World's Biggest Organized Crime Syndicate - BANKS

The current wave of litigation cases against banks has not yet been settled, and potential-still hidden-litigation risks are substantial. Sure enough: when one is a criminal syndicate, the largest in world history, paying litigation kickbacks in the hundreds of billions to the government is just the cost of “doing business.”

Forget Ebola - Here's Why US Banks Are Now Extremely Vulnerable

Under the BIS Basel capital adequacy rules, government debt rated at least AA continues to carry a zero risk weighting. So banks need not set aside capital against it. With a combined position of nearly $2 trillion in US govt debt, against which they hold no capital buffer, US banks are now EXTREMELY vulnerable to a bond market sell-off.

Get Your Money Out of Banks & into Something Tangible: GOLD

The most important factor right now is the physical shortage of gold. The declining amounts of gold in Shanghai storage suggest we are getting close. So I expect something to happen in the physical gold markets soon. When people finally decide they want to buy gold, there probably won’t be any gold.

The Volcker Rule and You: What’s Your Bank Doing with Your Money?

Its true that the Volcker Rule wouldn’t have prevented the financial crisis. So is your money safer in the bank with the Volcker Rule than without? There’s no concrete answer, but given that the loopholes are big enough to drive Jamie Dimon’s private jet through, I would say no.

12 Largest Banks Sued By Public Retirement Funds For "Conspiring To Rig Global FX Markets"

A group of investors across the U.S. and Caribbean, including city and state pension plans have filed a joint lawsuit against 12 banks (All the Too Big To Prosecute banks) for “allegedly conspiring to rig global foreign-exchange prices.” Allegedly? Hasn’t everyone read the Cartel chatroom transcripts yet?

Usurious Returns on Phantom Money: The Credit Card Gravy Train

The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees. Visa and MasterCard are independent entities, but they were set up by big Wall Street banks, and the card-issuing banks get about 80% of the fees.

Why Banks Are Doomed: Technology and Risk

It’s not just that banks are no longer needed–they pose a needless and potentially catastrophic risk to the nation. To understand why, we need to understand the key characteristics of risk. The entire banking sector is based on two illusions.

Scandal: Bank Of England Encouraged Currency Manipulation By Banks

This report confirms that yet another conspiracy theory is fact, as at least one central bank has been exposed to not only have known about a criminal activity that is now costing the jobs of hundreds of traders (and should lead to jail time), but to have urged it on.

10 Outrageous Predictions for 2014 by Saxo Bank

Saxo Bank, the online multi-asset trading specialist and investment advisor has released its ‘Outrageous Predictions’ for 2014. They admit the probability of any of them coming to fruition is rather low. But, that hasn’t stopped them making them – Hype or outlandishly canny laughable material?

Banks Warn Fed They May Have To Start Charging Depositors

Should the Fed cut IOER to offset the tapering pain, banks will crush depositors by cutting rates, depositors will pull their money from banks en masse, and banks will have no choice but to close on a record levered $2.2 trillion in margined risk position.

All Banks Are Bankrupt

Doug Casey Interviewed by Louis James, Editor, International Speculator) L: Doug, there is considerable disagreement over the significance of the Cyprus crisis. […]

follow us

markets snapshot


Market Quotes are powered by Investing.com India

live commodity prices


Commodities are powered by Investing.com India

our latest tweets

follow us on facebook